OilPrice
MAY 2, 2025
Researchers around the world are competing to design and scale next generation solar panels. While current photovoltaic solar panels are generally cost-effective and efficient, the sector is always looking to advance, and find even better ways of converting sunlight into clean energy. Solar photovoltaics are on track to be the worlds biggest source of renewable energy by 2029, overtaking hydropower.
POWER Magazine
MAY 2, 2025
Battery Energy Storage Systems (BESS) are revolutionizing our power grids, dramatically enhancing resilience, and facilitating greater integration of renewable energy sources like solar and wind. This technological evolution promises a […] The post Fire Suppression in Battery Energy Storage Systems: Why Immersion Cooling Offers a Safer Future appeared first on POWER Magazine.
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OilPrice
MAY 2, 2025
The total number of active drilling rigs for oil and gas in the United States slipped this week, according to new data that Baker Hughes published on Friday, following a 2 rig increase in each of the two weeks prior. The total rig count in the US fell by 3 to 584 rigs, according to Baker Hughes, down 21 from this same time last year. The number of oil rigs fell by 4 to 479down by 20 compared to this time last year.
POWER Magazine
MAY 2, 2025
Since 2024, Americas airwaves have been flooded with phrases like nuclear renaissance and drill, baby, drill. Energy affordability has occupied the minds of the president, state legislators, regulators, energy suppliers, […] The post The Erosion of Energy Affordability appeared first on POWER Magazine.
OilPrice
MAY 2, 2025
The OPEC+ members currently participating in voluntary production cuts will meet this Saturday, May 3, instead of Monday, May 5, according to Kplers Amena Bakr on X. The call is set for noon Vienna time, with the agenda focused on consensus building around maintaining the sped-up increment of 411K for June. Brent crude had slipped nearly 1% by late Friday morning, trading at $61.56.
Malcolm Graham Wood
MAY 2, 2025
Crude has given back a little ahead of the Opec+ meeting on Monday and Prospex has better news from Italy than it did from Spain. The post Oil price, Prospex. And finally… appeared first on Malcy's Blog.
OilPrice
MAY 2, 2025
An increasing number of "zombie" or "phantom" oil tankersvessels that assume the identities of scrapped shipshave emerged off Venezuela's coast, allowing dark fleet operators to circumvent U.S. trade restrictions on global oil transport. According to a Bloomberg report, one of these zombie tankers was recently spotted off the waters of Malaysia after a two-month voyage from Venezuela, raising many red flags.
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OilPrice
MAY 2, 2025
Canadian producer Imperial Oil booked a higher net income for the first quarter than a year earlier as industry refining margins improved. Imperial Oil, majority owned by U.S. supermajor ExxonMobil, reported on Friday a net income in the first quarter of US$933 million (C$1.29 billion), up from US$860 million (C$1.19 billion) for the same period of 2024.
Oil & Gas 360º
MAY 2, 2025
(Oil Price) –First-quarter earnings at ExxonMobil ( NYSE: XOM ) topped analyst estimates as higher production in the Permian and offshore Guyana offset part of the lower realizations due to falling oil prices. Despite the lower earnings compared to a year ago, Exxon expressed confidence that the structural and cost-saving measures of the past few years have prepared it to weather the uncertain market environment.
OilPrice
MAY 2, 2025
First-quarter earnings at ExxonMobil (NYSE: XOM) topped analyst estimates as higher production in the Permian and offshore Guyana offset part of the lower realizations due to falling oil prices. Despite the lower earnings compared to a year ago, Exxon expressed confidence that the structural and cost-saving measures of the past few years have prepared it to weather the uncertain market environment.
Oil & Gas 360º
MAY 2, 2025
(Investing) –The Organization of Petroleum Exporting Countries and allies (OPEC+) has rescheduled its video conference to discuss oil production levels for June. The meeting, initially planned for May 5, will now take place on Saturday, according to a report from Bloomberg, citing delegates who requested anonymity due to the private nature of the information.
OilPrice
MAY 2, 2025
Crude oil futures tumbled over the past week, falling more than 6% as concerns over weakening global demand and a resurgent supply outlook weighed on sentiment. West Texas Intermediate (WTI) briefly hit a low of $56.39 before recovering to $59.24 by Thursdays close. While dip-buying provided short-term support, the underlying market tone remains distinctly bearish as fundamental pressures intensify.
POWER Magazine
MAY 2, 2025
Sunraycer Renewables LLC, a developer, owner and operator of clean energy power sites, on May 1 announced the execution of two Environmental Attribute Purchase Agreements with Meta Platforms for Sunraycer’s […] The post Sunraycer, Meta Have Deal for Two Texas Solar Projects appeared first on POWER Magazine.
OilPrice
MAY 2, 2025
Afghanistan's Taliban rulers were shunned by foreign governments after seizing power in 2021, but recently the hard-line militants have notched up some big wins in their diplomatic efforts to forge international ties. This week, Indian special envoy Anand Prakash was in Kabul for talks with senior Taliban leaders on boosting political and trade links.
SmartBrief
MAY 2, 2025
When it comes to achieving credibility, there are a few factors that influence how leaders are pe rceived, and those factors work in conjunction with one another. Respect and trust are coupled together, and the degree of trust and respect earned is determined not only by demonstration of your leadership capability but also by others perceptions of your credibility.
OilPrice
MAY 2, 2025
There have been reports this week that the Tesla (TSLA) board have initiated a search for a new CEO to replace Elon Musk. The company has denied them, of course, but the chaos around Teslas leadership is adding another element of uncertainty to an industry that is already under pressure from tariffs and the threat of a US, or maybe even a global recession.
Oil & Gas Magazine
MAY 2, 2025
La deuda de Pemex con proveedores aument 11% en un ao, alcanzando 404 mil millones de pesos y generando crisis financiera en empresas contratistas. La deuda de Petrleos Mexicanos (Pemex) con sus proveedores y contratistas alcanz un nuevo mximo al dispararse 11% en el primer trimestre de 2025, situndose en 404 mil millones de pesos. Esta cifra representa un incremento de 39 mil millones respecto al mismo periodo del ao anterior, cuando la deuda era de 364 mil millones.
OilPrice
MAY 2, 2025
Chevron (NYSE: CVX) reported on Friday adjusted earnings for the first quarter in line with analyst estimates as the U.S. supermajors downstream business recovered from a loss for the prior quarter. Chevron booked adjusted earnings of $3.8 billion, or $2.18 per share, for the first quarter 2025, down from adjusted earnings of $5.4 billion, or $2.93 per share, for the same period of 2024.
Oil & Gas Magazine
MAY 2, 2025
Empresas contratistas protestan en el sur de Veracruz por una deuda de 1,800 mdp de Pemex, que pone en riesgo el empleo de 700 familias. Por segundo da consecutivo, trabajadores de al menos 25 empresas privadas que prestan servicios a Petrleos Mexicanos (Pemex) se manifestaron en el sur de Veracruz, ante una deuda acumulada superior a 1,800 millones de pesos por parte de la empresa estatal.
OilPrice
MAY 2, 2025
Shell (NYSE: SHEL) is launching another $3.5-billion buyback, keeping the pace of its share repurchases, after posting consensus-beating earnings for the first quarter. Shell reported on Friday adjusted earnings of $5.58 billion for the first quarter of 2025, down by 28% from a year earlier, but higher than the analyst consensus estimate of $5.1 billion.
Rigzone
MAY 2, 2025
OPEC+ is weighing another 400,000 bpd production increase, rattling already weak markets.
OilPrice
MAY 2, 2025
Were seeing a fast-moving deterioration in India-Pakistan relations triggered by a high-casualty militant attack in Indian-administered Kashmir on April 22. Indian intelligence is attributing the incident to Pakistan-based elements, citing cross-border movement and recovered ID documents. Pakistan has denied any role and is calling for third-party verification.
Mees
MAY 2, 2025
Algiers is close to wrapping up its first bid round since 2014. It hopes to attract some of the largest international players, including possible country entries for US majors Chevron & ExxonMobil, and a re-entry for BP, with Asian and Gulf NOCs also a strong possibility. But one of the countrys current key investors, TotalEnergies, may be shunned amid heightened Algeria-France tension.
OilPrice
MAY 2, 2025
European benchmark natural gas prices rose on Friday amid signals from China that it considers engaging in trade talks with the United States. A de-escalation of the tensions drove markets higher at the end of the week as traders and analysts weigh the possibility of less disruptive trade and lower impact on the economy. Over the past month, European gas prices have slumped by 20% on warmer spring weather and higher wind and solar output, but also due to concerns that an escalating U.S.
BOE Report
MAY 2, 2025
Access HTM Energy Research here. Mobile users may need to click here to see full PDF document. NOTE: The opinions expressed in this document are solely those of HTM Energy and do not reflect the views, positions, or policies of Stack Technologies Ltd. or the BOE Report. This is not investment advice.
OilPrice
MAY 2, 2025
Indian state-held refiner and fuel retailer Bharat Petroleum Corporation Ltd (BPCL) is in discussions with suppliers to swap a Middle East cargo with liquefied petroleum gas (LPG) with cheaper supply from the United States, the refiners head of finance, Vetsa Ramakrishna Gupta, said on Friday. We are approaching suppliers. We see little bit of opportunity in terms of U.S.
BOE Report
MAY 2, 2025
Big Oil’s first-quarter earnings have shown a clear split in how companies are positioned to weather the downturn sparked by a slump in oil prices to a four-year low in April. Investors were focused on whether companies would cut share repurchases, since lower crude prices would leave them with less cash to fund the programs.
OilPrice
MAY 2, 2025
QatarEnergy is in talks with Japanese energy companies over a long-term supply deal for liquefied natural gas from the expanded North Field. According to an exclusive Reuters report that cited unnamed sources, the volume under discussion is a minimum of 3 million tons annually, to be split between several Japanese companies, which include heavyweights JERA and Mitsui & Co.
Oil & Gas 360º
MAY 2, 2025
This weeks Baker Hughes Rig Count shows that the U.S. decreased by 3 over last week, resulting in a total count of 584 rigs. Canada had a decrease of 8 over last week, resulting in a total Canadian count of 120 rigs. Breakdown by region Of the regions tracked by Baker Hughes, only the Haynesville region experienced an increase this week. Meanwhile, 3 regions experienced a decrease this week: The Eagle Ford is at 46, down 1.
Marcellus Drilling News
MAY 2, 2025
For the week of April 21 – 27, the number of permits issued to drill new wells in the Marcellus/Utica was down nine from the previous week. Last week, 24 new permits were issued in the M-U. In the Keystone State (PA), 17 new permits were issued. Both Coterra Energy in the northeastern part of.
Oil & Gas Magazine
MAY 2, 2025
Entre los proyectos ms importantes entre los dos pases es el avance de la Ruta Biocenica de Capricornio, que conecta los puertos brasileos de los estados de So Paulo, Paran y Santa Catarina con los puertos de Iquique, Mejillones y Antofagasta, en Chile Los presidentes de Brasil y Chile, Luiz Incio Lula da Silva y Gabriel Boric firmaron trece acuerdos y memorandos entre ambos pases para diversas reas, como justicia y seguridad pblica, defensa, ciencia y tecnologa, cultura, pesca y acuicultura, ag
BOE Report
MAY 2, 2025
Reported earnings of $3.5 billion; adjusted earnings of $3.8 billion Returned $6.9 billion cash to shareholders; acquired $2.2 billion of Hess shares Started production from Ballymore field in the Gulf of America in April HOUSTON–(BUSINESS WIRE)–Chevron Corporation (NYSE: CVX) reported earnings of $3.5 billion ($2.
Oil & Gas Magazine
MAY 2, 2025
Pemex report una prdida neta de 43.3 mil mdp en el 1T25, impulsada por cada en ingresos, prdida cambiaria y deuda creciente. Por primera vez desde 2021, Petrleos Mexicanos (Pemex) report una prdida neta en un primer trimestre. Entre enero y marzo de 2025, la petrolera registr una prdida de 43.3 mil millones de pesos , en contraste con la utilidad neta de 4.7 mil millones de pesos registrada en el mismo periodo de 2024.
BOE Report
MAY 2, 2025
The U.S. Environmental Protection Agency announced plans on Friday to slash its budget by $300 million in fiscal year 2026, reduce staffing to 1980s levels and dissolve its research and development office as part of a sweeping overhaul of the agency.
Rigzone
MAY 2, 2025
Rigzone talks to Carole Nakhle, the Chief Executive Officer of London based consultancy Crystol Energy.
Oil & Gas Magazine
MAY 2, 2025
Autoridades de Unilever anunciaron que una parte fundamental de esta inversin son 8 mil millones de pesos para la puesta en marcha de una planta en Salinas Victoria, Nuevo Len, a los cuales se suman los 8 mil millones de pesos ya invertidos para su construccin En la conferencia de prensa maanera de la presidenta Sheinbaum, Willem Uijen, Director Ejecutivo de Cadena de Suministro y Operaciones de Unilever Global anunci una inversin de 30 mil millones de pesos por parte de la compaa para su expans
BOE Report
MAY 2, 2025
I Squared Capital is in talks to acquire a majority stake in the Matterhorn Express natural gas pipeline, according to people familiar with the matter. The infrastructure-focused investment firm has been speaking with potential investors that would help fund the potential purchase, the people said.
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